Metal price rally sends producers higher
A rally in metal prices pushed both gold and base metal producers to higher ground over the holiday-shortened Aug. 27-Sept. 2 report period. The Toronto Stock Exchange gold subgroup tacked on 5.38 poi…
Barrick Gold Corporation
Roca Mines drill-tests BC prospect
Bob Quinn, B.C. — With the drilling season winding down in in the mountainous Iskut district of northwestern British Columbia, newly minted Roca Mines (ROK-V) is wasting no time in testing for gold-r…
Site visit: How do they do it? Volume, volume, volume
Chibougamau, Que. — When Franois Fleury, the general manager of the Troilus gold mine, praised the “ingenuity and tenacity” of the Troilus workforce, he had good reason to mean it. The mine, two hou…
Atna deals Golden Cloud to Great Basin Gold
Vancouver — Hunter-Dickinson-led Great Basin Gold (GBG-V) has inked a deal with Atna Resources (ATN-T) to acquire a 70% stake in the Golden Cloud property in Nevada.The project is connected to the so…
Northern Star proves up Midway project
Vancouver — Encouraging drill results from its Midway gold property, west of Val d’Or, Que., have prompted Northern Star Mining (NSM-V) to acquire another 688 acres.Dubbed Cadillac, the new property …
Sulliden targets oxides
Preliminary drilling at the Shahuindo gold-silver property in Peru has led to the discovery of further promising mineralization for Sulliden Exploration (SUE-T).Situated 15 km west of the city of Caja…
Broad market slips as gold miners rise
The Standard & Poor’s/TSX composite index began the Aug. 20-26 report period on a high note, only to succumb to bearish mentality by its close. The result was a value reduction of 32.09 points, as the…
People (August 25, 2003)
Barker — Trygve Hoy hired as a consultant in the Cariboo mining district of B.C.Barrick Gold — Peter Kinver appointed executive VP of operations.Dumont Nickel — David Constable appoint…
Bulls charge, gold bugs fly higher
The “Blackout of 2003” failed to darken the mood of investors, who pushed the Toronto Stock Exchange composite index 128.80 points higher over the Aug. 13-19 report period. The benchmark finished at 7…
Financings the fashion on TSX
The Toronto Stock Exchange composite index regained lost ground, and then some, ending the Aug. 6-12 report period 214.96 points higher at 7,354.02.The surge was powered by gold, which jumped US$8.10 …
Agnico-Eagle buys Bousquet assets (August 18, 2003)
Agnico-Eagle Mines (AGE-T) is buying a 100% interest in Barrick Gold’s (ABX-T) Bousquet gold property, situated immediately west and south of the former’s LaRonde gold mine in northwestern Quebec.Incl…
Goldcorp juggernaut keeps on rolling
Goldcorp (G-T) enjoyed another strong quarter, thanks to higher gold prices and the exceptional quality of the Red Lake mine in northwestern Ontario.Second-quarter earnings jumped 11% to US$17.8 milli…